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Zinc leads drop in metals as int’l markets take a break

Zinc led a dive among the most traded contracts of four base metals on the Shanghai Futures Exchange Monday, as the Christmas period lessened the impact from international markets. The zinc contract for March delivery fell 1.6 percent to settle at 14,7...

Japan Q1 crude steel demand seen at near 2-yr low

Japanese demand for crude steel is expected to fall 6.2 percent from a year earlier to an almost two-year low of 26 million tonnes in the January-March quarter, as a plunge in steel exports outweighs strong demand from the domestic auto sector, the tra...

Chinalco sees Oct. 2013 start at $2.2 bln Peru mine

China's Chinalco started construction on its $2.2 billion Toromocho Peru mine in May and it should be ready to operate in October 2013, the company said on Thursday. Chinalco has delayed the project's start date several times, awaiting government

Huadian Power to buy 85 pct stake in Haoyuan Coal

Huadian Power International Co Ltd, the largest power producer in Shandong Province of China, on Sep. 14 said it will acquire a 85% stake in Inner Mongolia Haoyuan Coal Co for RMB 715 million. Upon the completion of the acquisition, Huadian Power
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Exploration boosted by China’s $89m base metals deal

CHINESE trader Guangdong Guangxin Holdings has signed an $89 million deal to boost its interests in Australian base metals by buying a quarter of the Mineral Hill copper and goldmine in NSW and a 15 per cent stake in mine owner KBL Mining.